Joint SA-India shipping company on the cards

Talks are under way that could see the setting up of a joint venture shipping company by state-owned Shipping Corp. of India (SCI) and Shipping Corp. of South Africa, according to livemint.com Shipping Corp. of South Africa is a wholly owned subsidiary of Pretoria-based African General Equity, or AGE Group, headed up by executive chairman Reggie Naidoo. Naidoo was in India when FTW tried to contact him for comment on Monday morning as this issue went to press. According to the report, the proposed joint venture shipping company will cater for dry bulk cargo like coal and iron ore exported from SA and the import of liquid cargo.